Moneycontrol
Last Updated : Jan 15, 2018 08:38 AM IST | Source: CNBC-TV18

See 7% growth in next 2 years for aluminium industry: Aluminium Association Chairman

Expect the aluminium industry to grow 7 percent over the next two years. That is the word coming from Satish Pai, the Chairman of Aluminium Association of India. In an interview with CNBC-TV18's Anshu Sharma, he adds aluminium demand has rebounded and expects to see a strong demand in January.

CNBC TV18 @moneycontrolcom

Expect the aluminium industry to grow 7 percent over the next two years. That is the word coming from Satish Pai, the Chairman of Aluminium Association of India. In an interview with CNBC-TV18's Anshu Sharma, he adds aluminium demand has rebounded and expects to see a strong demand in January.

November-December aluminium demand was very strong. We came through post goods and services tax (GST) – a period of slightly slow aluminium growth – but November-December the demand has rebounded and we can see January is also very strong, he said.

So the positive thing is for next year we are forecasting the aluminium demand in India should increase by about 7 percent, he added.

For more, watch accompanying video...
First Published on Jan 15, 2018 08:38 am

tags #Economy

Loading...
Sections
Follow us on
Available On
PCI DSS Compliant